Question
Total Basis affecting my refund amount
I have a cost basis for my IRA that started in the 90's because I was advised a contribution would be deductible, but after arguing with IRS it was not. So I paid taxes on $2,000 that remained in my IRA. I'm seeing now this should be recorded on Form 8606 and I have entered it in TT before however, I'm not seeing it now. When I enter the 2,000 as my Total basis as of December 31, 2018, my refund amount goes up. I don't understand why this is affecting my refund. I only want to track what I've paid taxes on so that I don't pay taxes on that amount when I withdraw. Why is my refund number changing now?
